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Suppose We Observe That the Price of Gasoline Has Been

Question 11

Multiple Choice

Suppose we observe that the price of gasoline has been rising,even though the quantity of gasoline sold has been falling.We can conclude that


A) the law of supply does not hold for gasoline.
B) the law of demand does not hold for gasoline.
C) the demand for gasoline must have fallen.
D) the supply of gasoline must have fallen.

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